Bitbox, the digital currency exchange by Japanese messaging tycoon LINE, is delisting XRP.
Revealing the news on January 6, Singapore-based Bitbox stated it is also delisting XRP pairs tied against bitcoin (BTC), Tether (USDT), and ether (ETH). The delisting happens on January 16.
Appropriately, clients will no longer have the option to exchange and deposit XRP, and they have until February 16 to withdraw their assets.
While Bitbox didn’t give particular explanations behind the move, the exchange stated it delists coins when they don’t satisfy its guidelines based on “performance, reliability, liquidity, or law and regulatory requirements.”
Bitbox was established in July 2018 and is one of the two digital currency exchanges LINE operates to serve its more than 80 million clients. Japan-based Bitmax is the other exchange that recently got a license from the nation’s financial regulator. Subsequently, Bitmax was approved to provide trading services in XRP.